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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (63934)	5/4/2020 10:30:56 PM
From: Elroy	Read Replies (1) of 78920

in a nutshell they have a diverse stream of revenues I breezed the conference call transcript. The story does sound pretty good, but if you think the current economic mess continues for many months the story can only get worse. All that they're saying now is that.....given that the economy closed down on about March 1st, they didn't get a lot of defaults in March. What if the economy remains weak for 1-2 years? Mortgage defaults (I think) are more likely to appear in Q3 this year rather than immediately in the first weeks of the slowdown. You've got to wait for the borrowers to burn through all their savings. Then.....they default. Time will tell.

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